General Mills Prepares $2 Billion for Bolt-On Acquisition Target
General Mills, the prominent U.S. food group, is actively pursuing a significant acquisition while planning to exit the yogurt segment. Chairman and CEO Jeff Harmening...
Category : Finance
Italy’s Gruppo Tonazzo Shifts to a Plant-Based Future, Leaving Meat Behind
Italian manufacturer Gruppo Tonazzo has made a pivotal decision to halt all operations involving meat products by the end of this year. This strategic shift...
Argentina’s Molinos RÃo de la Plata Acquires Pizza Divisions from McCain
Molinos RÃo de la Plata, the food subsidiary of the Argentine conglomerate Grupo Perez Companc, is making significant strides in the food and beverage industry...
Matr Foods Secures EU Funding for Large-Scale Plant-Based Meat Production Facility
Matr Foods, a Denmark-based start-up specializing in plant-based meat alternatives, has successfully secured a €20 million ($22.1 million) loan from the European Investment Bank (EIB)....
Kellanova Divests Majority Stake in Egypt’s Bisco-Misr
US snacks manufacturer Kellanova has divested its majority share in Bisco-Misr, a biscuit company based in Egypt. The financial specifics regarding this transaction have not...
Prima Bakeries Takes Over UK Biscuit Manufacturer Furniss of Cornwall
Prima Bakeries Group, a prominent player in the food and beverage industry, has recently acquired the UK-based biscuit manufacturer Furniss of Cornwall. This merger, finalized...
Nestlé Secures Contract for Its Inaugural Plant in Saudi Arabia
Nestlé is set to establish its first food manufacturing facility in Saudi Arabia, having recently signed a contract to commit to the project. According to...
Vion Appoints Tjarda Klimp as New CEO, Promotes from CFO Position
Netherlands-based Vion Food Group has appointed CFO Tjarda Klimp as the new CEO, succeeding Ronald Lotgerink, who will step down at the end of 2024....
Cerealis Acquires Complete Control of Europasta
Portuguese agri-food firm Cerealis has successfully acquired Europasta for an undisclosed amount, further solidifying its position in the food and beverage industry. Previously, Cerealis held...
Saputo’s New CEO Carl Colizza Implements Executive Leadership Restructuring
Newly appointed Saputo CEO Carl Colizza has initiated restructuring within his executive team, notably including the introduction of a new Chief Operating Officer (COO) and...